I LOVE THE BZ

trading strategies and money management discussion, code, results

Moderator: moderators

ez0770
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Mon Dec 28, 2009 5:53 am
Reputation: 0
Gender: Male

Re: I LOVE THE BZ

Postby ez0770 » Sat Jan 16, 2010 9:17 am

csbueno wrote:One of my favorites way to trade.






[left]Image[/left]


regards

Carlos

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

ez0770
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Mon Dec 28, 2009 5:53 am
Reputation: 0
Gender: Male

Postby ez0770 » Sat Jan 16, 2010 9:18 am

Hi Carlos,

do you define the BZ as open +/- 10 pips then?

csbueno
rank: 50+ posts
rank: 50+ posts
Posts: 134
Joined: Tue Jun 30, 2009 6:29 am
Reputation: 0
Gender: Male
Contact:

Postby csbueno » Sat Jan 16, 2010 2:48 pm

ez0770 wrote:Hi Carlos,

do you define the BZ as open +/- 10 pips then?



For the EurUsd, thats what I use.


Regards

Carlos

ez0770
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Mon Dec 28, 2009 5:53 am
Reputation: 0
Gender: Male

Postby ez0770 » Sun Jan 17, 2010 12:11 am

That's obviously different than TRO's "original" tried and tested method which calls for +/- 4 pips. How did you decide on 10 pips? Do you add the bid/offer spread on top of that? What about cable? What settings do you use for the pound? Thx in advance

csbueno
rank: 50+ posts
rank: 50+ posts
Posts: 134
Joined: Tue Jun 30, 2009 6:29 am
Reputation: 0
Gender: Male
Contact:

Postby csbueno » Wed Jan 20, 2010 12:03 am

ez0770 wrote:That's obviously different than TRO's "original" tried and tested method which calls for +/- 4 pips. How did you decide on 10 pips? Do you add the bid/offer spread on top of that? What about cable? What settings do you use for the pound? Thx in advance


I came out with 11 pips by testing it, but mostly is something I feel comfortable with.

For the Wire I used 20 pip for entry and a 20 pips Tp, but I try to set sl to breakeven ASAP. (anyway, i like eurusd much more for BZ)


Its worth saying, that, as mentioned by TRO, is better to look for an edge by only trading long when price is above both the daily open and the weekly open and only trade short when the price is below both the daily open and the weekly open.


regards

Carlos
Last edited by csbueno on Wed Jan 20, 2010 4:05 am, edited 1 time in total.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11440
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Wed Jan 20, 2010 3:36 am

If you look at my DRAIN THE BANK LIKE A CASINO thread, you'll see it is the buy zone with a 9 pip trigger.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

ez0770
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Mon Dec 28, 2009 5:53 am
Reputation: 0
Gender: Male

Postby ez0770 » Wed Jan 20, 2010 12:17 pm

Ok, thank you Carlos and TRO

csbueno
rank: 50+ posts
rank: 50+ posts
Posts: 134
Joined: Tue Jun 30, 2009 6:29 am
Reputation: 0
Gender: Male
Contact:

some results

Postby csbueno » Fri Jan 22, 2010 4:29 pm

http://csbueno57.mt4stats.com/


...Some results, most are BZ,


Regards

Carlos

User avatar
newschool
rank: 150+ posts
rank: 150+ posts
Posts: 489
Joined: Fri Aug 21, 2009 2:26 am
Reputation: 0
Gender: Male

Postby newschool » Fri Jan 22, 2010 5:59 pm

Hi guys,
I would like to make an EA for the BZ, can you point me to a simple boolean strategy? I think it would be easy for me to code.

ez0770
rank: <50 posts
rank: <50 posts
Posts: 5
Joined: Mon Dec 28, 2009 5:53 am
Reputation: 0
Gender: Male

Postby ez0770 » Fri Jan 22, 2010 6:18 pm

Carlos, well done! Those are very good results...what are your BZ settings for other currencies, other than Eur and Cable if I may ask?

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “strategy trading & money management”